Toronto’s city council will discuss Mayor Olivia Chow’s proposed 2026 budget, which features a 2.2% property tax increase, the lowest during her tenure. The $18.9 billion budget allocates funds for the TTC, police, and small businesses, including a 20% property tax reduction for the latter. Chow aims to address a $1 billion shortfall using $400 million from reserves, raising concerns about future tax implications. Some councilors, like Brad Bradford, criticize the budget as politically motivated ahead of the municipal elections.
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